Catalyst Paper Cuts Loss Despite Weak Markets

Liquidity was up by $42.9 million from the prior quarter due to an increase in the borrowing base, a decrease in the amount drawn on the asset based loan facility, and an increase in restricted cash.

British Columbia reverted on April 1 from a harmonized sales tax to a provincial sales tax, adding approximately $12 million in direct annualized costs, $8 million related to purchased electricity.